Every year, after $ 12 million was stolen from a VIP room safe at Jeju Shinhwa World Landing Casino, authorities are looking for two accomplices who have fled South Korea.
Landing Casino Efforts to Recover $ 12 m in Stolen Funds Continue
Hollywood-inspired casino heists rarely hold true in real life, but that is not the case Jeju Shinhwa World's Landing Casino where there was a security breach resulting in the theft of $ 12 million from a secure safe.
The money has been tracked to the bank and remains deposited there, but according to local reports, the name of the account holder is still unknown. The casino first reported the case in January when it notified the authorities that the money was gone from the safe of the VIP room.
Police identified the 50-year-old former casino executive in January as a prime suspect, but new reports suggest she worked with accomplices. Partners are defined as Mr AND and mr B in police testimony but fled the country in January before the authorities could react.
The criminals must be brought to justice
The authorities confirmed that the search for them is international on the basis of Interpol red warrant. Landing Casino submitted documents in an attempt to prove they own the funds, but until all parties involved are present, investigators cannot grant the casino final access to the money.
Under South Korean law, all proceeds and assets derived from crime are subject confiscate and can only be returned to the rightful claimant after the court has issued a judgment. If the suspects go missing, it is unlikely to happen soon, putting more pressure on assets.
If the case is not settled in court, the funds will be transferred to the state treasury.